Blue Nile VP Dwight Gaston Unloads 2,000 Shares (NILE)
Blue Nile (NASDAQ:NILE) VP Dwight Gaston sold 2,000 shares of Blue Nile stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $45.94, for a total transaction of $91,880.00. Following the completion of the transaction, the vice president now directly owns 5,500 shares of the company’s stock, valued at approximately $252,670. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Separately, analysts at RBC Capital raised their price target on shares of Blue Nile from $39.00 to $44.00 in a research note to investors on Friday, November 1st. They now have a “sector perform” rating on the stock. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Blue Nile presently has an average rating of “Hold” and a consensus price target of $40.57.
Blue Nile (NASDAQ:NILE) traded up 4.08% during mid-day trading on Friday, hitting $44.40. The stock had a trading volume of 293,560 shares. Blue Nile has a 1-year low of $28.90 and a 1-year high of $49.14. The stock’s 50-day moving average is $46.34 and its 200-day moving average is $40.99. The company has a market cap of $568.5 million and a price-to-earnings ratio of 49.20.
Blue Nile (NASDAQ:NILE) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.15 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.16 by $0.01. The company had revenue of $98.90 million for the quarter, compared to the consensus estimate of $99.82 million. During the same quarter in the previous year, the company posted $0.14 earnings per share. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. Analysts expect that Blue Nile will post $0.89 EPS for the current fiscal year.
Blue Nile, Inc (NASDAQ:NILE) is the online retailer of diamonds and jewelry.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.